Tag: fleet
Global Fleet Grows by at Least 30% Over the Past Decade
The global fleet of tankers and bulkers has grown substantially over the course of the past decade, both as a result of newbuildings, but also due to the delay in decommissioning older tonnage. In its latest weekly report, shipbroker Xclusiv said that “the Dry and Tanker markets have grown notably since 2013, with the total…
Spring Marine Adopts SulNOx in its Fleet: Greek shipping company agrees deal with Logothetis-backed fuel tech pioneer
SulNOx, the fuel technology group listed on London’s Aquis Exchange, has announced that Spring Marine Group will adopt SulNOx products in its fleet to reduce fuel consumption and emissions. Spring Marine (https://www.Springmarine.com/) operates a fleet of Tankers and Bulk Carriers and represents SulNOx’s latest major client in the globally important, and highly influential, Greek maritime…
Pertamina International Shipping (PIS) Partners Energy Trader BGN, Expanding Global Fleet of LPG Carriers
PT Pertamina International Shipping (PIS) has once again engaged international partners to expand its presence in the global market and explore additional business opportunities in support of energy supply and security. PIS has signed an agreement with BGN, a leader in global energy, in which the two companies outlined prospective collaborations that span joint ownership…
BIMCO Shipping Number of The Week – Record high ship deliveries boost container fleet capacity by 4.3%
In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at deliveries of new container ships reaching a new record high during the first seven months of the year. The increase in fleet capacity comes at a time when current trade growth in many key regions is declining and…
Carrier reliance on leased container fleet to support higher per diems and cash returns
A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container equipment pool in 2023. But a recovery thereafter will drive expansion of the fleet with most of this investment coming from lessors, raising newbuild values, per diems and cash returns. Source: Drewry Container Census &…
Carrier reliance on leased container fleet to support higher per diems and cash returns
Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth remains weak and owners dispose of more equipment. In 2023, Drewry anticipates global container handling activity to increase by just 1% to 870.7 mteu. While inflation remains stubbornly high in several economies, it is generally in decline and…
